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Australia – New owners of Lasseters Casino more than doubles its slot offering

By - 24 May 2021

Iris Capital, the new owner of Lasseters Casino in Alice Springs, has immediately added 132 new slot machines to the casino, more than doubling the casino’s quota of so-called pokies.

Lasseters now boats 320 slots, helping make Australia’s Northern Territory the second-largest state in terms of number of machines per resident. Current laws mean casinos in the Northern Territory don’t need to submit an application to increase their slot quota

Iris is only a month into its ownership of the casino, having bought it from Quilter Assets for a fee believed to be around A$105m. Ford Dynasty, subsidiary to Lasseters International Holdings has signed an agreement for the sale of Lasseters Hotel Casino with Iris Capital who have a strong foot hold in the hospitality sector in Australia.

Opening in 1981, Lasseters Hôtel Casino formerly known as Diamond Springs Casino, is an integral part of the tourism industry in Central Australia.

The property boasts a 4 1/2 star hotel with 205 rooms operating under a franchise with internationally recognised InterContinental Hôtel Group, a convention centre, facilitates plus 320 electronic gaming machines and multiple Restaurants and bars.

Lasseters CEO, Datuk Paul Wong j.p. said at the tie of the sale: “It has been a pleasure having such a unique and diverse property on our portfolio. Lasseters greatest asset is the dedication and commitment of the staff, some of whom have been with the company in excess of 20 years.”

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